Ashley Greenbank (Macfarlanes) explains the mechanism by which the Brexit legislation incorporates EU derived law into UK domestic law at the end of the transition period.
The effect of the UK’s exit from the EU on 31 January 2020 has been tempered by the transition period during which the UK has been treated as an EU member state for many purposes. Deal or no deal the transition period will expire on 31 December 2020 and from 1 January 2021 the UK will cease to be subject to the rules and regulations of the EU. But irrespective of whether or not a free trade agreement is reached between the UK and the EU the UK will continue to be influenced by EU law for some considerable time. This is as true in the realm of tax as in other areas of law.
The legislative framework surrounding...
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Ashley Greenbank (Macfarlanes) explains the mechanism by which the Brexit legislation incorporates EU derived law into UK domestic law at the end of the transition period.
The effect of the UK’s exit from the EU on 31 January 2020 has been tempered by the transition period during which the UK has been treated as an EU member state for many purposes. Deal or no deal the transition period will expire on 31 December 2020 and from 1 January 2021 the UK will cease to be subject to the rules and regulations of the EU. But irrespective of whether or not a free trade agreement is reached between the UK and the EU the UK will continue to be influenced by EU law for some considerable time. This is as true in the realm of tax as in other areas of law.
The legislative framework surrounding...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
